Philippine Central Bank Sees About 50BPS Rate Cuts in 2020: Governor

The transcript discusses the upcoming policy meeting scheduled for February 6, focusing on the impact of previous basis points adjustments and reserve requirement cuts. It highlights the growth targets for the Philippine economy, with expectations of stable inflation. The discussion also covers the slow pickup in bank lending despite increased liquidity and the BSP's cautious approach to future monetary policy adjustments.

What is the main focus of the upcoming policy meeting mentioned in the first section?

• To plan for a new economic stimulus package

• To discuss new tax policies

• To decide on new trade agreements

• To evaluate the impact of previous monetary actions

What is the growth target for the Philippine economy for the next year as mentioned in the second section?

• 5% to 6%

• 6.5% to 7.5%

• 8.5% to 9.5%

• 7% to 8%

According to the second section, what is the forecasted inflation rate for the Philippines?

• 2.9%

• 1.5%

• 3.5%

• 4.2%

In the third section, what is the expected lag time for the effects of monetary policy changes to be observed?

• 1 to 2 months

• 12 to 15 months

• 3 to 4 months

• 6 to 9 months

What is the BSP's stance on waiting for the effects of monetary policy changes as discussed in the third section?

• They are not willing to wait

• They are prepared to wait one or two quarters

• They will wait indefinitely

• They will wait only if inflation rises